Linear
Log vs Linear parallel channel comparisonOn the left is the log chart with parallel channels.
Notice the price just wicked close to the bottom of the main up channel and the bottom of the current down channel for LTF
On the right is the linear chart with parallel channels.
Notice the 11-12k candles rejected off the centre of the main up channel and we are below the centre of the current down channel for LTF
it's a bit basic and the channels might not be accurate depending on TF viewed and if you want to include candle bodies or wicks but it will give you an idea.
Bitcoin linear 2019An idea with a linear chart as a noise removal technique.
First, let's address the term "Noise" , in a broad analytical context, noise refers to information or activity that confuses or misinterprets genuine underlying trends.
If we strictly speak in a technical context, noise is simply all the price data that distorts the picture of the underlying trend this includes mostly small corrections and intraday volatility.
This a linear chart where the price source used is the average of the four most relevant points for a given time frame.
Price source = (O+H+L+C)/4
The ellipses highlight the periods of lower volatility where the price dynamic narrowed its price range previous to a post-expansion.
In the larger ellipses, this kind of dynamic lasted around 7-9 weeks.
Note:
I find the potential of this chart for having a macro perspective.
Weekly scale ≤ recommended scale ≥ daily scale
Chart BLX weekly scale BraveNewCoin Liquid Index for Bitcoin
CHFJPY - LONG 17/05/2019 Justification of long CHFJPY position:
-Price ranging in the lower area of the linear regression channel.
-Momentum indicator just about to cross on the positive side.
-Price just crossed 14EMA and if you added 3 more EMAS (4,18,40), we would see a formation described as "ema's death cross" starting to take place, where 18 an 40 range parallel and 4 sharply crosses both of these EMAs.
-Strong resistance in 108.200 which has failed to break in several occasions.
USDJPY SHORTA possible SELL due to the fact that the pair is currently reaching a linear level that has been retested several times as well as the fact that the pair is also considerably high on RSI.
I am very certain that a Bearish movement will happen quite soon...
In terms of entry, ENTER NOW or wait for a Bearish Confirmation!
XRPBTC Testing a Yearly Trend Line!The Bad News:
Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost always lagged behind the market. Meaning there is still some hope for it to get a pop. Especially with us sitting on this crucial support level.
The Technicals:
Taking a closer look at the XRPBTC pair, XRP is currently testing a 494 day old trendline . This same TL also matches the 3/1 Gan Support level from December of 2017.
Another bullish sign is the RSI showing both hidden and bull divergence.
My Current Trade:
Entry: 6400 sats
TP1: 8000 sats
TP2: TBD
S/L: 6000 sats
Reasons not to trade this:
- XRPBTC has completely broken this trendline on the log scale.
- Typically, XRPBTC pairs are not as reliable as USD
I hope you all found this interesting and I wish you the best of luck!
Cheers!
LSD+MDMA (Linear-regression Slope Divergence, McGinley Dynamic)Long XRP@8000: Divergence of M cGinley D ynamic MA Oscillator from L inear R egression S lope.
On Chart
- Left: Past incidents of divergence from regression slope
- Right: Detailed set of oscillators used by the MDMA oscillator to calculate final normalized differential oscillator
In theory the more differential oscillators diverge the stronger the signal.
We also found that combining both would give sharper results under administered conditions.
-------------
"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
selby_exchange - BTCUSD - Selby Bitcoin Price Analysis - $2915New price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
COINBASE:BTCUSD Price target $2915 on 02/24/2019.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price targets $3240, $2919, $2620. $2170, $1627 and $1252, no timing on these however I could see most of these targets hit by April.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation in Baseline based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price target $3061 for 1-15-19 with resistance at $3929 and wick support at $2603
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
BTCUSD resistance viewed in LOG & LINEAR differs considerablyThe two charts show how viewing the current BTCUSD price trend and breakouts are considerably different when seen in LOG scale view and LINEAR scale view. While i use LINEAR scale for the majority of my charting, I often switch between the two scales, especially when there has been limited movement when price crosses one resistance but fails to make the scale of price movement expected. Perhaps some greater movement will take place when BTC crosses the sideways resistance as viewed in LOG scale.
Longterm View of Bitcoin - Linear ScaleI typically use log scale to chart Bitcoin but if you turn on the linear scale you'll see that we're in a VERY interesting position here. We're above both the downtrend and uptrend lines. It will be very interesting where we go from here. As usual I am siding with the bears.